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People Moves: Atain Names Dassow VP, Head of Primary Liability; WSIA Names New Secretary and Director Following Maner’s Retirement
Insurance Journal | January 19, 2024
People Moves: Atain Names Dassow VP, Head of Primary Liability; WSIA Names New Secretary and Director Following Maner’s Retirement
Atain Names Dassow VP, Head of Primary Liability Atain Insurance Companies, headquartered in Farmington Hills, Mich., hired Tom Dassow as vice president and head of primary liability, leading Atain’s newly formed general liability brokerage unit. Most recently, Dassow led CM …
Five Companies Agree to $7.2 Million Settlement for Polluting Two Ohio Creeks
Insurance Journal | January 10, 2024
Five Companies Agree to $7.2 Million Settlement for Polluting Two Ohio Creeks
TOLEDO, Ohio (AP) — Five companies have agreed to pay the federal government more than $7.2 million overall to resolve claims stemming from longstanding pollution in two adjacent creeks in the Maumee River watershed in northwestern Ohio. The settlement with …
Retail Mortgage Lender loanDepot Struggles With Cyberattack
Insurance Journal | January 10, 2024
Retail Mortgage Lender loanDepot Struggles With Cyberattack
The U.S. retail mortgage lender loanDepot is struggling to recover from a cyberattack that impacted its loan processing and phone service. In a filing on Monday with the Securities and Exchange Commission, the company said data was encrypted by the …
Markets/Coverages: Aspen Partners With Surefire Cyber to Offer Cyber Risk Services
Insurance Journal | January 10, 2024
Markets/Coverages: Aspen Partners With Surefire Cyber to Offer Cyber Risk Services
Aspen Insurance Holdings Ltd. has partnered with Surefire Cyber to launch Aspen Cyber Risk Services (ACRS), a complimentary suite of services that will enable its primary cyber insureds to proactively tackle cybersecurity threats, from pre-incident to response and resilience. This …
Progressive Files for 19.78% Auto Insurance Rate Increase in West Virginia
Insurance Journal | January 10, 2024
Progressive Files for 19.78% Auto Insurance Rate Increase in West Virginia
Less than a month after Farmers Direct Insurance filed for a hefty rate increase on West Virginia auto liability policies, Progressive has followed suit with an almost identical request. The West Virginia insurance commissioner posted a bulletin Tuesday, noting that …
Shares in UK Insurers Tumble on Report of Regulator Comments on Premium Finance
Insurance Journal | January 10, 2024
Shares in UK Insurers Tumble on Report of Regulator Comments on Premium Finance
Shares in UK insurers fell on Wednesday, with traders pointing to an article in the Insurance Post that quoted the Financial Conduct Authority’s Head of Insurance Matt Brewis as saying premium finance was a “poor product”. At 1258 GMT, Direct …
Italy’s Generali to Acquire Full Control of Chinese Non-Life Joint Venture for $108M
Insurance Journal | January 10, 2024
Italy’s Generali to Acquire Full Control of Chinese Non-Life Joint Venture for $108M
Italy’s biggest insurer Generali on Wednesday said it would acquire full control of a non-life insurance joint-venture in China by buying out local partner CNPC Capital for around 99 million euros ($108 million). Generali said it planned to expand its …
Cummins Agrees to Record-Setting Engine Emissions Settlement
Insurance Journal | January 10, 2024
Cummins Agrees to Record-Setting Engine Emissions Settlement
Truck engine maker Cummins agreed to settle a lawsuit filed Wednesday by the Justice Department and California and pay a record-setting fine of about $1.65 billion for installing defeat devices on hundreds of thousands of engines. In December, the Justice …
Storm Henk Causes Estimated £150 Million in UK Insured Losses: PwC
Insurance Journal | January 10, 2024
Storm Henk Causes Estimated £150 Million in UK Insured Losses: PwC
Storm Henk, which battered Britain last week, caused around 150 million pounds ($190 million) in insured losses and damaged around 2,000 properties, consultants PwC said on Wednesday. Heavy rain caused major rivers to burst their banks and the government issued …
At Least 4 Dead; Marina, Homes Destroyed as Storms Slash Through Southeast
Insurance Journal | January 10, 2024
At Least 4 Dead; Marina, Homes Destroyed as Storms Slash Through Southeast
Four people were killed and property was ripped apart as tornadoes and severe thunderstoms moved across the Southeast Tuesday. The New York Times and other news services reported that an 81-year-old woman died after her mobile home was overturned in …